CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 3140Introduced by Assembly Member CarrilloFebruary 16, 2018 An act to amend Section 70003 of the Financial Code, relating to financial literacy. LEGISLATIVE COUNSEL'S DIGESTAB 3140, as introduced, Carrillo. California Financial Literacy Fund.Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve the financial literacy of Californians. Existing law requires the fund to be administered by the Controller. Existing law authorizes the Controller to convene a financial literacy advisory committee to provide oversight of the fund and to develop strategies to improve financial literacy. This bill would make a nonsubstantive change in the provision governing the formation of a financial literacy advisory committee.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 70003 of the Financial Code is amended to read:70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 3140Introduced by Assembly Member CarrilloFebruary 16, 2018 An act to amend Section 70003 of the Financial Code, relating to financial literacy. LEGISLATIVE COUNSEL'S DIGESTAB 3140, as introduced, Carrillo. California Financial Literacy Fund.Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve the financial literacy of Californians. Existing law requires the fund to be administered by the Controller. Existing law authorizes the Controller to convene a financial literacy advisory committee to provide oversight of the fund and to develop strategies to improve financial literacy. This bill would make a nonsubstantive change in the provision governing the formation of a financial literacy advisory committee.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 3140
Introduced by Assembly Member CarrilloFebruary 16, 2018
Introduced by Assembly Member Carrillo
February 16, 2018
An act to amend Section 70003 of the Financial Code, relating to financial literacy.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 3140, as introduced, Carrillo. California Financial Literacy Fund.
Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve the financial literacy of Californians. Existing law requires the fund to be administered by the Controller. Existing law authorizes the Controller to convene a financial literacy advisory committee to provide oversight of the fund and to develop strategies to improve financial literacy. This bill would make a nonsubstantive change in the provision governing the formation of a financial literacy advisory committee.
Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve the financial literacy of Californians. Existing law requires the fund to be administered by the Controller. Existing law authorizes the Controller to convene a financial literacy advisory committee to provide oversight of the fund and to develop strategies to improve financial literacy.
This bill would make a nonsubstantive change in the provision governing the formation of a financial literacy advisory committee.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 70003 of the Financial Code is amended to read:70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 70003 of the Financial Code is amended to read:70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
SECTION 1. Section 70003 of the Financial Code is amended to read:
### SECTION 1.
70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
70003. The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).